2944 S Sycamore, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 2 bath
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Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well above the $625,014 Fair Market Value by 19%. While the current list price exceeds the estimated market value, the property’s Condition Rating of 6 and status as a probate sale underscore its primary utility as a land-value acquisition. The 3,603 sqft lot offers significant development potential for ADUs or vertical units. This is a strategic Asset ideal for Developers or Experienced Investors focused on long-term growth in the Mid City area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2944 S Sycamore Subject | $750,000* List Price | 2 | 2 | 904 | $691 | - |
A 5577 Homeside Avenue Sold | $665,000 | 3 | 2 | 1,070 | $621 | 0.6 mi |
B 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.5 mi |
C 2207 S Cochran Sold | $870,000 | 2 | 1 | 1,241 | $701 | 0.8 mi |
D 2540 Hauser Boulevard Active | $768,888 List Price | 2 | 1 | 1,072 | $717 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1924 with no evidence of renovation in over 50 years. The listing explicitly states the property is being sold for land value in 'as-is' condition and targets developers. Images confirm a severely dated bathroom and exterior consistent with a structure that is likely unlivable or requires a total rebuild.
The property offers significant upside for developers and investors with the potential to expand the existing structure, add an ADU, or build vertical units in a high-growth neighborhood.
Situated in the Mid City/Lower Baldwin Hills area, the home provides excellent transit access via the 10 freeway and the Metro E line to Culver City, Santa Monica, and Downtown LA.
Priced at land value with a recent $70,000 price reduction, this listing represents a competitive entry point into a vibrant area seeing substantial architectural revitalization.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Sold in its current condition for land value through a probate process, the property likely requires a total renovation or teardown, necessitating significant additional capital.
There is a notable discrepancy between the physical layout (2 bedrooms) and the official title (3 bedrooms), which may present challenges during the appraisal or permitting process.
Calling all developers / builders / investors! First time on the market in decades, this home is located in the Mid City/Lower Baldwin Hills area. There may be room to expand the house, add an ADU and/or build vertical units, which developers are doing in the area. Buyer should perform investigations, check permits, zoning, and other City of Los Angeles approval requirements to Buyer's satisfaction, along with square footage of the property. This property offers the best of urban Los Angeles living with tremendous growth and lifestyle appeal. This is a vibrant neighborhood, centrally located with short access to the 10 freeway to the Westside/Santa Monica/Culver City/Westwood, mid-Wilshire and Downtown LA areas. Metro bus lines are accessible, including the nearby Metro E, which follows Exposition Blvd. past the Baldwin Hills/Crenshaw area, West Adams, the Vermont corridor, and USC/Exposition Park . The entire area is a diverse mixture of traditional character and architecture but with new building coming from investment interests. The freeway connects residents quickly to employers, dining, museum/cultural venues and entertainment across the city. Top-rated schools such as the Girls Academic Leadership Academy (GALA), Los Angeles Center for Enriched Studies (LACES) and West Adams Preparatory High School are all in the general vicinity. Property is a probate sale being sold as land value and in "as-is" condition. Note: this is a 2 bedroom house (title shows 3 bedrooms). .
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 904 | 1,672 |
| Lot Size | 3,603 | 6,067 |
| Price | $750.0K | $1.37M |
| Price per sq ft | $830 | $801 |
| Built year | 1924 | 1939 |
| HOA | $0 | $348 |
| Days on market | 43 | 56 |
Jun 26, 2026
$750,000
$820,000
-9% Price Drop
Initial Listing
Jun 9, 2026
$820,000
Initial Listing